With its majestic Teton Mountains, famous national parks like Yellowstone and Grand Teton, and tax friendly appeal, Wyoming has plenty to offer retirees looking for a scenic and financially practical place to settle down. The state’s lack of income tax is a major advantage, and in some communities, home prices remain more attainable than in many parts of the American West. For those considering Wyoming for their retirement years, one town stands out: Buffalo.
Located in the foothills of the Bighorn Mountains, Buffalo combines stunning natural beauty with the qualities many retirees value most, including low crime and a strong sense of community. Its historic downtown adds even more charm, with landmarks like the Occidental Hotel and unique shops like The Bucking Buffalo Supply Co. Whether you are looking for peaceful surroundings or a welcoming small-town social scene, Buffalo makes a compelling case as Wyoming’s best small town for retirement.
Affordable and Comfortable Living
One factor of Buffalo that is a major draw for silver-hairs is affordability. With a median home value of $300,500, it is one of the few places left in the American West that is financially attainable for those on a fixed income. It is no wonder a whopping 32% of the town’s population is aged 65 and older.
Not only is there no income tax (including retirement income), but the property taxes are also low, in contrast to other no income tax states, like Texas that have much higher property taxes. Further, the cost of everyday essentials like groceries, and healthcare are roughly at or below the national average.